retirement

Social Security is changing; but how?

Social Security sure has been in the media spotlight recently, with many accounts predicting benefit cuts, and some even predicting the demise of the program. Of course, most of that is hyperbolic nonsense, but what is the real situation with…

Social Security promise – broken, or not?

During the recent election cycle, all candidates promised that Social Security “would not be touched.” That included President Trump, who committed that he would not “touch” Social Security. But with the recent events associated with the Department of Government Efficiency…

Ten Tips for Retirement Planning

Although it is sometimes difficult to think about a retirement far into the future, doing so is an important decision, and the earlier you plan, the better your retirement outcome will be. Still, it’s hard to predict how to balance…

Ask Rusty – Will My Social Security Increase if I Keep Working After Applying?

Dear Rusty: I am going to be 67 in a few weeks & I plan on working for another year or two. According to Social Security, they count the best 35 years to come up with your benefit. I currently…

What to do when the Stock Market declines

If you’re been watching the stock market at all these days, you are already aware of the quite severe decline which has occurred as a result of President Trump’s tariff announcements. Any decline in the market can be stressful for…

How should workers with a 401(k) react to the dip?

With the stock market tumbling, concerns among investors are stashing away money in retirement funds like 401(k)s.  Stock market volatility can be stressful, especially for those nearing retirement age, but don’t panic. So, how should workers nearing retirement react to…

Debt is impacting retirement

Debt, mostly credit card and medical debt, is the highest form of borrowing among Boomers and Gen X, according to a recent report released by National Debt Relief, a debt settlement organization. Half the respondents reported being “overwhelmed” by debt.…

Turning 70 this year?

Are you turning 70 this year and have not started your Social Security benefits? You should sign up for your benefits since you will stop earning delayed retirement credits. Delayed retirement credits result in an increased monthly benefit amount of…

Providing workforce retirement benefits 

Most employers are committed to providing workforce retirement benefits for the foreseeable future, according to the recently released MetLife’s 2025 Enduring Retirement Model Study.  The study found that 8 in 10 large plan sponsors “cannot envision a time when their…

RMDs start in the year you turn 73

Retirement accounts like 401(k)s and traditional IRAs give you a tax break by lowering your taxable income; however, withdrawals are subject to taxation. Yes, the year you turn age 73, you are required to make withdrawals. If you don’t, it…

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